With the euro achieving its strongest level against the US dollar since January spot gold prices closed dramatically higher as investors begin to return to commodities not for a better return but also because of worries about future inflation. In addition the inverse correlation between...
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Gold Spot Price – Gold Prices Daily Chart 19th May 2009
Spot gold prices finished lower as commodities and currencies took their cue from equity markets which saw triple digit gains, achieved in a vacuum on a day bereft of any fundamental news on the economic calendar, closing the day $11.85 lower and settling at $918.85. ...
Spot Gold Price – Gold Price Chart 13th May 2009
Spot gold prices surged yesterday gaining $12.83 to settle at $925.80 per ounce on the back of a weaker dollar and and traders noting that net long positions in Comex gold futures had increased slightly for the week ending 5th May – up by 891...
Gold Spot Price – Gold Chart 8th May 2009
Yesterday’s strong move upwards in spot gold prices in the morning, failed to follow through in the afternoon and evening session as the spot gold market absorbed all the various items of fundamental news and investors took the opportunity to take some profits ahead of...
Spot Gold – Gold Prices 1st May 2009 Daily Gold Chart
Speculation about possible IMF gold sales, a slightly stronger dollar and gains in equity markets all conspired to pressure the price of gold which only managed to bounce back in late trading once stock markets had reversed some of their gains. Overall gold lost $8.08...
Spot Gold – Daily Gold Prices 30th April 2009
Spot gold moved higher yesterday on the back of a weaker US dollar and a continued strengthening in crude oil prices, gaining $3.71 to settle at $894.31/oz, but failing to capitalise on the flight to quality, as equity markets strengthened, capping any gains in later...
Spot Gold Prices – Daily Gold Chart 24th April 2009
Not unsurprisingly investor fears and worries are continuing to push up spot gold prices which yesterday crossed the psychological $900 per ounce price point as I outlined in yesterday’s market commentary, closing the day above both this level and also the 9 and 14 day...
Spot Gold Prices – Gold Chart 22nd April 2009
Yesterday was indecisive from a technical perspective, providing little in the way of clues to the future direction of spot gold prices, ending the day with a failed attempt to move marginally higher and closing just on the 9 day moving average which has now...
Spot Gold Prices – Gold Chart 16th April 2009
Trading yesterday was once again contained in a very narrow range with both the high and the low of the day sitting squarely between the 9 day and 14 day moving averages, as for Tuesday. In this case we had a small up day with...
Current Gold Price – Spot Gold Chart 13th April 2009
With risk appetite returning and investors pouring money into equity markets gold has seen its traditional safe haven status reduce slightly in trading last week, and it will be interesting to note how this correlation develops during the course of this week, as the earning...
Spot Gold Price – Daily Chart 7th April 2009
Spot gold prices fell further again yesterday as suggested in yesterday’s market commentary, closing the day with a wide spread down bar, but more importantly penetrating the next level of support at $885.40, having touched an intra day low of $864.80. Indeed one of my...
Spot Gold Prices – Daily Candle Chart 6th April 2009
Friday’s candle ended the session with a wide spread down bar, eventually closing at $891.90 per ounce on the day and well below all three moving averages, confirming that the bearish engulfing signal we first saw Wednesday, is now taking full effect in the spot...
